Payless ShoeSource filed for Chapter 11 bankruptcy in April 2017 and closed hundreds of stores as it attempted reorganize and shed debt. It emerged with fewer stores, its debt cut in half and creditors owning the company.

But that wasn't enough to keep it afloat in an time of continuing challenges that have seen the closing of retailers such as Toys R Us, Sears and Shopko.

The Topeka, Kan.,-based company has more than 3,600 stores worldwide. That's what happened with Gymboree and RadioShack.